Winn-Dixie Issues 54.5 Million Shares of New Stock

JACKSONVILLE, Fla. - Winn-Dixie Stores, Inc., which officially emerged from Chapter 11 bankruptcy protection last week, said on Tuesday it had 54.5 million common shares that shareholders should use to determine their stake in the company.

The company also said that transfers of its common stock by certain holders will be subject to certain requirements or possible restrictions. Additionally, to the best of the retailer's knowledge, no one will become a 5 percent shareholder based on distributions people became entitled to as of Nov. 21, the day it announced the emergence from bankruptcy.

In other Winn-Dixie news, the retailer said its customers can help spread Christmas cheer as they do their normal grocery shopping this holiday season. Now through Dec. 24, shoppers can act as "elves" by making a cash donation to Toys for Tots at their neighborhood Winn-Dixie. The donations will help the Marine Toys for Tots Foundation provide toys to parents unable to afford gifts for their children.

Customers at Winn-Dixie stores throughout the Southeast can designate an amount ranging from 50 cents to $50 to be added to their grocery bills at the time of checkout. In return, donors receive Toys for Tots paper ornaments to display on their trees at home.

Winn-Dixie jump-started the fundraising program by announcing a donation of $25,000 to Toys for Tots in addition to hosting kick-off events in select stores in Jacksonville, Orlando, Miami, and New Orleans. All donations collected through the program will directly benefit families in the communities where they are raised.
This ad will auto-close in 10 seconds